GBPJPY CONTINUATION OF BULLISH TREND.

26. Aug. 2021

GBPJPY

• Higher Time Frame Trend: Bullish
  
  - Bias: Longs
  - Wait for pullbacks or break and retest of market structure for entry.
  - Entry at 15min TF
  - 2 Trade Ideas1. Trade Idea ( wait for pullbacks)
  - As we can see, there is a bullish engulfing candle that broke the consolidation.
  - For this first trade idea, we would wait for price to pullback to the breakout of the engulfing candle for a better entry.
  
  2. Trade Idea (Break and Retest)
  - Instead of waiting for a pullback. We can set a buy stop above the highs of 151.500 for a breakout scalp trade.
  - Or if you wanna be safe and wait for a retest, that would work too.